eFolder and Axcient merge

The combined company is positioned to be the market leader in the business continuity space

Tags: Mergers and acquisitionseFolder (www.efolder.net)
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eFolder and Axcient merge Matt Nachtrab will be CEO of both companies.
By  Manda Banda Published  July 30, 2017

A week after naming former ConnectWise executive Matt Nachtrab as CEO, data protection solutions vendor eFolder has completed a merger with disaster recovery as a service (DRaaS) firm Axcient.

The combined company is positioned to be the market leader in the business continuity space, with more than 50,000 customers and 400,000 endpoints under management.

For the time being, both companies will continue to operate under their existing brands and maintain their facilities in the USA and Russia.

Nachtrab, the founder of remote monitoring and management software maker LabTech - now ConnectWise Automate - will be CEO of both companies. eFolder founder Kevin Hoffman will be chief technology officer, and Axcient founder Justin Moore will hold the title of chief strategy officer.

"I'm extremely excited to be leading this next chapter for Axcient and eFolder, and continuing to lean upon our core values to provide the best offerings for both MSPs and their clients," Nachtrab said in a statement. "This merger enables us to deliver a far more complete suite of solutions to businesses as they face today's biggest IT challenges ­ protecting against the ever-increasing number of threats to data and infrastructure."

As CTO, it will be Hoffman's job to bring together the two companies' respective technologies.

"MSPs today are often forced to partner with multiple vendors to serve their clients of varying sizes," Hoffman said in a statement. "Our goal is to provide a single integrated cloud-managed solution that cost-effectively scales down to provide resiliency for single-server SMBs, while effortlessly scaling up, meeting the needs of mid-market companies with (hundreds) or (thousands) of virtual machines."

Axcient's Moore said the merger marks an exciting development in the business continuity industry.

"Axcient joining forces with eFolder creates the most complete platform for protecting data and ensuring the availability of IT systems," his statement said. "MSPs and mid-market customers now have a single vendor they can trust to ensure employees always have access to the applications and information they need when they need it in today's high-velocity business climate."

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